1) Retail trader (weak seller) entered at 1.5924.
2) MM buy the sell order and push the market up & close their buy at 1.6781 with ratio of 1:1 based on previous drop height
3) As MM close their buy order at higher price in the process, the retail trader (weak buyer) buy all the close order from MM as MM who enter at low price already exiting the market and change to sell at higher price. The retail trader (weak buyer) now trap in the buy as they see the market in uptrend at very late moment. This process calls distribution.
4) MM push back down the market to the price where the retail trader (weak seller) entered at 1.5924 as discussed in Point 1 to take profit. At this moment, the retail trader (weak seller) also can breakeven their short and can change to join as buyer as MM close their short.
5) MM might be waiting at 1.6340 to enter short again as the retail trader (buyer) sell their buy order and the other group of retail trader (weak buyer) entered as discussed in Point 3 may close for breakeven. With enough liquidity where retail traders close their breakeven and take profit at this price level. The bull sign may be weaken. MM can easily force the market down again.
2) MM buy the sell order and push the market up & close their buy at 1.6781 with ratio of 1:1 based on previous drop height
3) As MM close their buy order at higher price in the process, the retail trader (weak buyer) buy all the close order from MM as MM who enter at low price already exiting the market and change to sell at higher price. The retail trader (weak buyer) now trap in the buy as they see the market in uptrend at very late moment. This process calls distribution.
4) MM push back down the market to the price where the retail trader (weak seller) entered at 1.5924 as discussed in Point 1 to take profit. At this moment, the retail trader (weak seller) also can breakeven their short and can change to join as buyer as MM close their short.
5) MM might be waiting at 1.6340 to enter short again as the retail trader (buyer) sell their buy order and the other group of retail trader (weak buyer) entered as discussed in Point 3 may close for breakeven. With enough liquidity where retail traders close their breakeven and take profit at this price level. The bull sign may be weaken. MM can easily force the market down again.